Kronshtadt Group sells avionics business

Kronshtadt sells avionics business to Ramenskoye design bureau Russia’s leading producer of aircraft simulators and cockpit equipment concedes its avionics division to Ramenskoye Avionics Design Bureau (Photo by RADB)

St. Petersburg-based Kronshtadt Group is transferring all of its assets associated with design and production of flight and navigation instruments to Ramenskoye Avionics Design Bureau (RADB). These include systems and solutions developed earlier by Kronshtadt. However, the group will retain ownership of the registered trade marks. Aircraft simulator and drone divisions will remain in Kronshtadt.

Kronshtadt’s press-office declined to comment on further details of the deal. Last year, the group was restructured, and changed brand and ownership. Its former parent Transas sold all aviation-related businesses to Sistema JSFC, an the new owner focused its corporate development strategy on conquering international markets.

In its official statement, Kronshtadt emphasizes that the sale of avionics assets will enable the company “to attract additional investments and concentrate on other business directions, such as flight systems for drones and other robotic systems.”

In its turn, the RADB, one of the main developers and producers of cockpit systems for combat aircraft, “has secured its presence on the commercial aviation market and gained additional competences in the area of lighting equipment and flight safety systems.”

The design bureau specializes on developing equipment for military airplanes, helicopters and drones in the interests of the Russian Defence Ministry, as well as within the framework of international military-technical co-operation.

  • 2
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Russian Aviation Insider
Newsletter
Powered by Air Transport Observer, Russia & CIS’ premier information provider on commercial aviation with a 20-year legacy, Russian Aviation Insider provides you with timely and reliable business news, insights and analysis on commercial aviation all around CIS.
Sign up for our free Newsletter and never miss:
  • Airline Business news and analysis
  • Aerospace Industry updates
  • Traffic statistic data and trends
  • Airport, MRO, Leasing and other related businesses
  • Appointments and promotions

Get relevant data from reliable industry sources!

Leave a comment